THESE PEOPLE KNOW NOTHING!!!!
They are clowns.
Druckeniller, at the Ira Sohn conference in NYC last May, said he was selling everything and buying gold.
His reason? The Fed was losing control. Central bank "stimulus" wasn't working and it was going to backfire. Blah, blah...all the same, ignorant comments, like a Peter Schiff type of analysis. Absolutely ridiculous.
So where were those markets at the time? The S&P was at 2040. Gold was at $1280.
Now where are they?
The S&P is now up over 100 points, 2160. The Dow just made new record highs. And gold? 1267.
Now this guy says he's optimistic and bullish.
It makes me scared as hell because I am long stocks.